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- Presto, a provider of payment tablets for the restaurant industry, said it will go public through a merger with Ventoux CCM Acquisition Corp., a special purpose acquisition company. The deal values the combined company at an estimated $1 billion. Presto, whose clients include major brands like Applebee’s and Outback Steakhouse, was known as E la Carte until 2018.
- Euronet Worldwide Inc. said its epay recurring billing platform launched with multiple Microsoft Corp. products, including Microsoft 365, Xbox Game Pass Ultimate, and Xbox All Access in North and South America, Europe, Asia, and Australia.
- Visa Inc. said its U.S. Spending Momentum Index stood at 110.6 in October, up 2.1 points from September. An economic indicator of the health of consumer spending, the index suggests spending growth when above 100 and weakened spending below 100.
- American Express Co. and Morgan Stanley launched the Morgan Stanley Blue Cash Preferred American Express card, aimed at Morgan Stanley clients with an eligible brokerage account. The card offers the chance to earn a $100 statement credit each calendar year and cash back up to 6% on everyday transactions.
- Credit union service organization PSCU said USE Credit Union now uses PSCU’s debit and credit processing services in addition to contact center support services.
- Even Responsible Finance Inc., a financial benefits platform, said it now uses real-time payments from JPMorgan Chase & Co. to offer timely access within seconds to earned wages.
- The identity-technology company Clear said its High Assurance Mobile Enrollment identity verification process has been approved as a component service by Kantara Initiative, a global nonprofit that develops specifications for digital identity.
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